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Digital Economy

Slip.stream has raised $7.5m in a Series A financing round with contributions from Sony Music Entertainment and Third Prime

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Music platform Slip.stream — which provides copyright-free music created for streamers, content creators, podcasters, and companies — has closed a $7.5 million Series A financing round with input from investors including Sony Music Entertainment, Third Prime, and Lightshed Ventures. Slip.stream previously raised $3.25m in a 2021 seed funding round, bringing their total raised to $10.75m. The new funding will "drive the development of the platform, grow their team, add new content partnerships, a...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

ByteDance pauses TikTok’s AI-powered video tool Seedance 2.0 — Report

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China's streaming platform ByteDance has suspended the launch of its AI-powered video-generation tool Seedance 2.0, following strong resistance from rights holders, according to a report from The Information, citing two people with direct knowledge of the situation. ByteDance dropped the tool less than a month ago and it generated thousands of videos using existing characters from movies and animated films, prompting instant reactions from Hollywood studios and streaming platforms arguing that B...

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Digital Economy

Alfons Karabuda joins the board of Servo’s parent MusicDataLabs Sweden

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Swedish composer Alfons Karabuda has joined the board of MusicDataLabs Sweden, the company behind Servo.music, the synch licensing platform created by Max Flach and Greger Hagelin. Karabuda is the Honorary President of the European Composer and Songwriter Alliance (ECSA), Chair of the Polar Music Prize Award Committee, and former President of the International Music Council and music rights society Skap. “As much as I enjoy speaking my mind, words alone have only ever interested me when they lea...

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Digital Economy

Christine Barnum, Michael Poole and Jameson Toole join beatBread

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Fintech platform beatBread has appointed Christine Barnum as Head of Financial Operations, Michael Poole as Chief Financial Officer (CFO) and Jameson Toole as Board Advisor on AI and Machine Learning. Each executive will serve as fractional leaders, bringing "deep expertise across music operations, structured finance, and technology."  beatBread said the appointments underscore the platform’s “commitment to pairing industry credibility with financial and technical rigor as the company continues ...

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